This week we looked at the pro’s and cons of handing back the keys, jingle mail can seem like a good idea but there are other ways of doing it that may work more to your advantage in the future.
Jingle Mail, Jangle Mail, or 'Voluntary Possession'.
I had the honour of being a speaker at a MABS seminar on the 21st of May, it was called ‘Keeping a roof over your head’ and it was focused on the issue of housing, and in particular that of the collections/repossession process of Irish Banks. One of the speakers was a solicitor named Colin Daly of the Northside Community Law Centre. He spoke about ‘Voluntary Possession’ which is the process of coming to an agreement with a lender whereby they take your house with your consent (you are not getting thrown out), it isn’t the legal terminology for ‘jingle mail’, ‘jangle mail’ or ‘sending the keys to the bank’ which is a totally different matter, it was a fascinating insight into the process and it is good to know that there are resources such as the NCLC out there for people in difficulty who need legal advice.
There was some information …
Jingle Mail, Jangle Mail, or ‘Voluntary Possession’.
I had the honour of being a speaker at a MABS seminar on the 21st of May, it was called ‘Keeping a roof over your head’ and it was focused on the issue of housing, and in particular that of the collections/repossession process of Irish Banks. One of the speakers was a solicitor named Colin Daly of the Northside Community Law Centre. He spoke about ‘Voluntary Possession’ which is the process of coming to an agreement with a lender whereby they take your house with your consent (you are not getting thrown out), it isn’t the legal terminology for ‘jingle mail’, ‘jangle mail’ or ‘sending the keys to the bank’ which is a totally different matter, it was a fascinating insight into the process and it is good to know that there are resources such as the NCLC out there for people in difficulty who need legal advice.
There was some information …